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Commodity Mid Session News

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(10 Jul 2025, 14:51)

Gold nears $3340 as fed signals split on rate cuts

Gold futures climbed toward $3340 per ounce on Thursday, extending gains for the second straight session as the US dollar slipped below 97. Sentiment remained cautious amid global trade jitters after President Trump issued new tariff demands, adding Brazil to a growing list of targets. Fed minutes revealed a divided stance on rate cuts, with some policymakers backing action as early as July, while others preferred to hold steady. The central bank highlighted mixed signals in the economy, pointing to trade-linked inflation risks and softening consumption. On MCX, August gold futures rose by nearly 0.5% to ₹96845 per 10 grams, tracking global cues and safe-haven demand.
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